日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

   

China's state forex investment company debuts

By Xin Zhiming (China Daily)
Updated: 2007-09-29 10:58

China Investment Corporation (CIC), the country's $200 billion sovereign wealth fund, formally started operation today as policymakers seek to diversify its $1.41 trillion worth foreign exchange reserves.

The new company will have Lou Jiwei, vice general secretary of the State Council and former vice finance minister, to act as chairman of the board of directors and Gao Xiqing, former deputy chairman at the National Council for Social Security Fund, as general manager, according to a statement released at the opening ceremony in Beijing.

Hu Huaibang, former secretary of the commission for disciplinary inspection of the China Banking Regulatory Commission, is the new agency's chairman of the board of supervisors.

Other major members of the company's management are also from government ministries.

One of the largest State-owned funds in the world, the new agency has aroused suspicions about its projected overseas investment, but chairman Lou said at the opening ceremony that it will operate in a transparent manner and stick to the principle of "commercial operation" independent of the government.

"We will adopt a prudent accounting system ... adhere to commercial lines and improve the transparent on the condition that company interest will not be jeopardized."

The investment by the company will be long-term and aimed to maximize the returns from investment with acceptable risks.

It said it will focus its overseas investments mainly on portfolio of financial products.

The launch of the investment company is necessary, as the country has accumulated $1.41 trillion foreign exchange reserves, said Liu Xiahui, economist with the Chinese Academy of Social Sciences. But it will face major challenges, such as protectionism from foreign countries, he said.

"The political pressure from them will be huge," he said, pointing out that some countries may fear the huge fund will raise prices in overseas markets.

The company will abide by laws and regulations where it invests as well as international practice, Lou said.


(For more biz stories, please visit Industry Updates)



Related Stories  
主站蜘蛛池模板: 青娱乐av在线 | 国产毛片久久久久久久 | 天天射一射 | 99热中文 | 手机看片在线 | 亚洲色图在线观看 | 九一在线看 | 免费观看成年人视频 | 日韩一级黄 | www免费网站在线观看 | 天天射寡妇 | 一级片免费在线观看 | 亚洲欧美综合视频 | 丁香六月av | 六月丁香综合网 | 亚洲最大福利视频网 | 五月婷婷久久综合 | 激情久久视频 | 国产热| 久久激情免费视频 | 国产毛片视频 | 第一福利在线 | 亚洲精品一区二 | 日韩久久一区 | 亚洲最大av网站 | 久久综合久久久 | 午夜精品久久久久久久爽 | 亚洲欧美国产另类 | 亚州综合网 | 蜜桃精品视频在线 | 在线观看国产欧美 | 中文字幕一区二区三区免费看 | 99热在线播放 | 久久高潮视频 | 正在播放木下凛凛88av | 日日日人人人 | 亚洲网站视频 | 国产一区二区视频在线免费观看 | 你懂的在线视频网站 | 午夜69成人做爰视频 | 欧美黄色片免费看 |